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The players in a game are said to be in strategic equilibrium (or simply equilibrium) when their play is mutually optimal: when the actions and plans… - Robert Aumann
" "The players in a game are said to be in strategic equilibrium (or simply equilibrium) when their play is mutually optimal: when the actions and plans of each player are rational in the given strategic environment – i.e., when each knows the actions and plans of the others.
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About Robert Aumann
Robert Aumann (born 1930, in Frankfurt,Germany) is an Israeli mathematician, Professor Emeritus at the Hebrew University of Jerusalem, who won the 2005 Nobel Memorial Prize in Economic Sciences.
Also Known As
Native Name:
ישראל אומן
Alternative Names:
R. Aumann
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Robert John Aumann
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Robert J Aumann
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Yisrael Aumann
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R.J. Aumann
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Additional quotes by Robert Aumann
We can trust only ourselves. The president of the United States has to look out for U.S. interests -- that is what he was elected to do. He does not have to look out for Israel's interests, nor do I expect him to. The bottom line is that Obama is president of the United States -- not the world -- so when it comes to Israel's interests I trust the prime minister's discretion.
The theory of repeated games is able to account for phenomena such as altruism, cooperation, trust, loyalty, revenge, threats (self-destructive or otherwise) – phenomena that may at first seem irrational – in terms of the “selfish” utility-maximizing paradigm of game theory and neoclassical economics.
Torah study is an intellectual pursuit, and honoring this ultimate value transfers to other pursuits as well, Jewish homes are full of books while other homes may or may not be. Jewish homes have overflowing bookshelves. Throughout the generations we have given great honor to this intellectual pursuit…Torah study makes the nation and its people of the finest and highest quality.
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